-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
 DEwTGvhlkGwrj8/P1EHlBddEJaWiDOjPMD5FtMPX0YeTMOvk4B/Vb3BCvv0dwWW/
 CfEqZ3zMz6u2T9AW4bp5JQ==

<SEC-DOCUMENT>0001393725-10-000074.txt : 20100212
<SEC-HEADER>0001393725-10-000074.hdr.sgml : 20100212
<ACCEPTANCE-DATETIME>20100212120036
ACCESSION NUMBER:		0001393725-10-000074
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100212
DATE AS OF CHANGE:		20100212
EFFECTIVENESS DATE:		20100212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RAB EUROPEAN CREDIT OPPORTUNITIES FUND LTD
		CENTRAL INDEX KEY:			0001426242
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-114386
		FILM NUMBER:		10596387

	BUSINESS ADDRESS:	
		STREET 1:		RAB CAPITAL PLC
		STREET 2:		1 ADAM STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2N 6LE
		BUSINESS PHONE:		011 44 20 7389 7000

	MAIL ADDRESS:	
		STREET 1:		RAB CAPITAL PLC
		STREET 2:		1 ADAM STREET
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2N 6LE
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001426242</cik>
        <entityName>RAB EUROPEAN CREDIT OPPORTUNITIES FUND LTD</entityName>
        <issuerAddress>
            <street1>RAB CAPITAL PLC (as Agent)</street1>
            <street2>1 ADAM STREET</street2>
            <city>LONDON</city>
            <stateOrCountry>X0</stateOrCountry>
            <zipCode>WC2N 6LE</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>011 44 20 7389 7000</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Peter</firstName>
                <lastName>Smart</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Brewin Dolphin, 2nd. Fl. Kingsgate House</street1>
                <street2>55 the Esplanade</street2>
                <city>St. Helier</city>
                <stateOrCountry>Y9</stateOrCountry>
                <zipCode>JE2 3QB</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <lastName>de Mattos</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Es Serrettes</street1>
                <street2>Chemin des Cuarroz 51</street2>
                <city>Blonay</city>
                <stateOrCountry>V8</stateOrCountry>
                <zipCode>1807</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Ronan</firstName>
                <lastName>Daly</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Centaur Fund Services</street1>
                <street2>13-17 Dawson Street</street2>
                <city>Dublin</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Dermot</firstName>
                <lastName>Butler</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Custom House Fund Services (Ireland) Ltd</street1>
                <street2>25 Eden Quay</street2>
                <city>Dublin</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>1</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>9999999997-08-005330</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <yetToOccur>true</yetToOccur>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>0</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>RAB EUROPEAN CREDIT OPPORTUNITIES FUND LTD</issuerName>
                <signatureName>/s/ David Prance</signatureName>
                <nameOfSigner>David Prance</nameOfSigner>
                <signatureTitle>Authorized Person</signatureTitle>
                <signatureDate>2010-02-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----